Welcome to today's Money Minute.
In the US, we get one of the most important data releases of the month the US nonfarm payrolls figures. This shows the state of the US jobs market for the month of August. There are two key numbers to watch.One, the number of jobs added during the month, which is expected to come in at 165,000. And two, the annual rate of wage growth, which is expected to come in at 3.2%.
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If either or both of these figures beat expectations, it might make it harder for the Federal Reserve to justify cutting interest rates at its next meeting in mid-September. But if the figures come in below expectations, investor concerns about a pending recession will grow.
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